Satay Finance

Satay Finance is the premier yield aggregator on Aptos offering three distinct, yet interconnected products:

• Blocks - composable DeFi primitive operations via trusted third-party protocols
• Strategies - compound, multi-protocol yield positions simplified to one click
• Automated Vaults - capital pools that optimize allocations to Blocks and Strategies to maximize yield

In addition to on-chain yield aggregation, the Satay dApp implements all of these yield opportunities in one unified front-end, allowing users to identify the best yield on Aptos at any given time. The Satay vision is to become the front page of Aptos DeFi, offering not only yield but also news, TVL dashboards, and other conveniences for users.

Blocks

Satay Blocks are composable wrappers for yield-bearing DeFi primitive operations. Blocks are separated into categories, each with its own risks and rewards:

Liquid Staking

Liquid staking allows users to capitalize on APT emission rewards while preserving their liquidity. We’ve partnered with the leading liquid staking providers on Aptos, each providing 7% APY:

• Ditto - stake APT for stAPT
• Tortuga - stake APT for tAPT

Borrow/Lend

Borrow/Lend markets offer interest yield for lenders and leveraged yield opportunities for borrowers. Lending is a low-risk yield opportunity with variable APY depending on market supply and demand. We’ve partnered with the two leading borrow/lend markets on Aptos:

• Aries Markets
• Abel Finance

Liquidity Provisioning (LP)

By providing liquidity on Decentralized exchanges, LPs can earn real yield in the form of trading fees. In addition, some DEXs provide liquidity incentives, further boosting yield. Our selected DEX partners are:

• Liquidswap - Constant Product AMM
• Pancakeswap - Constant Product AMM
• Ferum - Central Limit Order Book

Swaps

While swaps do not provide yield, they form the backbone of several yield strategies described below. We prefer smart routers for swaps as they discover the best rate for efficient trades:

• Hippo Labs - leading Aptos router
• Kana Labs - cross-chain router from Solana and Polygon to Aptos

Strategies

Satay Strategies compose several Blocks to create compound, multi-protocol yield positions. Strategies offer higher yields in exchange for more complex risks.

Leveraged Liquid Staking

Leveraged liquid staking enables users to earn boosted emission rewards, the most stable return available on Aptos. The base emission APY is 7%, and leveraging these positions can boost this APY to ~19-20%. The process takes the following form: Stake APT on Tortuga or Ditto for tAPT or stAPT to earn APT emissions, deposit tAPT or stAPT into Aries Markets as collateral to borrow more APT, stake borrowed APT, and repeat.

Automated Yield Farming

Automated yield farming improves the yield farming experience twofold for users. First, by pooling staked LP coins into one harvesting account, users significantly reduce the gas fee associated with harvesting rewards. Further, automated farms auto-compound rewards, continuously increasing the rate of return on staked funds. With our closest partner, Pontem, we are working on an NFT-boosted yield farm.

Borrow/Lend Optimization

Given the various borrow/lend markets available, a borrow/lend optimizer ensures that users always earn the maximum APY on their assets. Our borrow lend optimizer periodically queries the various markets, determines the highest yield, and allocates pooled funds to that market. Users deposit once and can be certain they are maximizing their returns.

Automated Vaults

Satay Automated Vaults are our flagship product. Our vaults take the complexity away from the complexities of yield generation on Aptos by optimizing allocations to our strategies and blocks. For each coin, there is a vault that maximizes APY on staked assets through these deployments. Vaults offer a diversified investment portfolio with exposure to all of the leading DeFi protocols on Aptos.

Bridge

Satay natively supports the LayerZero EVM → Aptos bridge, allowing users to transfer USDC, USDT, ETH, and BTC from Ethereum, Polygon, Optimism, and Arbitrum to Aptos. The team is currently working on a feature similar to Yearn Zap, which will allow users to deposit into vaults using any base coin by first provisioning a swap from the desired coin to the vault’s base coin.